Best Location in Town
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Discover an exceptional opportunity to take over a beautifully renovated, turnkey Italian restaurant in a prime location steps from Yale University. This impressive 3,200?square?foot space features 90 warm and inviting dining seats, a lively 20?seat bar, and one of the area’s most sought?after patios with room for 60 guests. The lease is remarkably attractive at just $9,300 per month, inclusive of trash removal, property taxes, and insurance. A recent top?to?bottom renovation—valued at $1,000,000—has left the restaurant in outstanding condition, ready for a seamless transition. Open seven days a week for lunch and dinner, this establishment is already a strong performer with significant room for further growth. Its proximity to Yale ensures a steady flow of students, faculty, theatergoers, and visitors. Currently operated absentee, the owner spends $170,000 annually on management—income you can capture by running the business yourself. This is the go?to dining destination for the Yale community, and now it can be yours. Opportunities like this don’t come around often.
About the Business
- Years in Operation
- 26
- Facilities & Assets
- 3,200 ultimate square feet, 90 booming dining seats, 20 electric lively bar seating, one of the best 60 seat patio in town, a bargain rent $9,300 all in (includes trash, property tax & insurance), turnkey in excellent condition with recent $1,000,000 complete renovation, preeminent envied location, the go to place for the Yale community, open 7 prosperous days lunch & dinner, absentee owner, management cost whopping $170,000 which can be yours, coveted full basement with walk-in & storage, high grossing cash cow with upside potential
- Market Outlook / Competition
- Prime Yale-area location with constant foot traffic and built?in demand / Turnkey, fully renovated space—no downtime, no capital outlay / Exceptional rent value for the neighborhood, all?in and below market
- Opportunities for Growth
- Capture the $170K management expense by transitioning from absentee ownership to an owner?operator model / Boost catering and takeout—high?demand opportunities in a dense university market / Increase bar revenue with craft cocktails, happy hours, and themed nights
About the Sale
- Seller Motivation
- Othe business interest
- Transition Support
- If needed
Listing Info
- ID
- 2470770
- Listing Views
- 1
Listing ID: 2470770 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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